From Bitcoin critics to blockchain believers: The 5 biggest crypto backflips
If you can't beat 'em, join 'em.
BitMine Immersion Technologies continued adding to its Ethereum stockpile, even as its Bitcoin counterpart Strategy stood pat.
Strategy's valuation dip highlights the risks of heavy Bitcoin reliance, potentially forcing asset liquidation if BTC prices fall further.
June 29, 2026, 2:30 pmOn June 22, Strategy sold $335.5 million of its own common stock, set aside roughly $300 million of it in cash to bring its reserve up to $1.4 billion, and bought a total of 520 Bitcoin with what was left.
June 29, 2026, 1:45 pmIf you can't beat 'em, join 'em.
Michael Saylor’s Strategy unveiled a capital framework allowing Bitcoin sales to fund dividends, a $2.55 billion reserve and buybacks while raising STRC payout to 12%.
The new SDK feature lets developers route payments from Bitcoin balances to recipients in USDC and USDT without requiring users to hold stablecoins.
The Bitcoin treasury firm has approved a framework for "active capital management," its Chair Michael Saylor said in a statement.
Strategy Inc. rolled out a sweeping five-part Digital Credit Capital Framework on Monday morning, authorizing bitcoin sales, boosting its STRC preferred dividend rate, and opening $1 billion buyback programs for both preferred stock and common shares as bitcoin trades around $60,032 per coin at 8 a.m. Eastern time and MSTR shares sit around $82.
Strategy adopted a new capital management framework, authorizing up to $2 billion in buybacks while creating a program that allows future bitcoin sales to support liquidity.
IBIT's dominance in AUM highlights the growing institutionalization of Bitcoin, potentially influencing market liquidity and investor strategies.
Strategy's capital overhaul may enhance liquidity and shareholder value but raises questions about Bitcoin's role in corporate finance.
Grayscale's advice to sell Bitcoin highlights the risks of over-leveraging in volatile assets, potentially impacting market stability.